Cannabis Testing Market by Product & Software- 2021

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MarketsandMarkets Presents

• Cannabis Testing Market 
•  - Global Forecasts to 2021

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• The global cannabis testing market is expected to
  reach USD 1,416.3 Million by 2021 from USD 822.0
  Million in 2016, at a CAGR of 11.5 during the
  forecast period (20162021). The growth in this
  market is mainly driven by factors such as
  legalization of medical cannabis, coupled with
  the growing number of cannabis testing
  laboratories (specifically in the U.S.) growing
  adoption of LIMS in cannabis testing
  laboratories and increasing awareness through
  conferences, symposia, and workshops. On the
  other hand, the high cost of analytical
  instruments, presence of alternative
  technologies, and dearth of skilled professionals
  are some of the major factors that are expected
  to restrain the growth of this market in the
  coming years.
• This report segments the cannabis testing market
  into cannabis testing products (analytical
  instruments and consumables) software (Cannabis
  LIMS), cannabis testing services, end users, and
  regions.

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http//www.marketsandmarkets.com/Market-Repor
ts/cannabis-testing-market-46932450.html The
cannabis testing services market (services
offered by cannabis testing laboratories) is
segmented into potency testing, terpene
profiling, pesticide screening, residual solvent
screening, heavy metal testing, microbial
analysis, and genetic testing. The potency
testing segment accounted for the largest share
in 2016 and also expected to grow at the highest
CAGR during the forecast period as a majority of
the end users primarily test their cannabis
plants for cannabinoids and look for evaluating
the strength of cannabis and the effect it will
have on medical marijuana users.
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• Cannabis testing is a highly competitive and
  evolving industry with the presence of various
  well-established as well as emerging players in
  the market. Shimadzu Corporation (Japan), Agilent
  Technologies (U.S.), PerkinElmer, Inc. (U.S.),
  Millipore Sigma (U.S.), AB Sciex LLC (a Danaher
  Company) (U.S.), Restek Corporation (U.S.),
  Thermo Fisher Scientific, Inc. (U.S.), Waters
  Corporation (U.S.), Fritsch Milling (U.S.),
  Accelerated Technology Laboratories (U.S.),
  CannaSys, Inc. (U.S.), PharmLabs, LLC (U.S.),
  Guardian Data Systems, Inc. (U.S.), and Lab Lynx,
  Inc. (U.S.) are some of the prominent players
  operating in the cannabis products software
  market. On the other hand, Steep Hill Halent
  Laboratories, (U.S.), DigiPath, Inc. (U.S.), SC
  Laboratories (U.S.), CannaSafe Analytics (U.S.),
  and CW Analytical Laboratories (U.S.) are some of
  leading players operating in the cannabis testing
  services market.
• The market is dominated by North America,
  followed by Europe, LATAM MEA, and
  Asia-Pacific. North America dominated the market
  in 2016 and is also poised to grow at the highest
  CAGR during the forecast period. Factors such as
  the growing legalization of cannabis for medical
  use, rapid growth in the number of cannabis
  testing laboratories, the presence of prominent
  players in this region, growing awareness
  regarding medical cannabis, and rising funding
  for the cannabis industry are some key factors
  driving market growth in this region.

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